Pulls Away From Resistance *RES 4:......>

CABLE TECHS: Pulls Away From Resistance

*RES 4: 1.2849 High Mar 12

*RES 3: 1.2726 Low Feb 28

*RES 2: 1.2643/48 High Apr 13 /High Apr 14 and the bull trigger

*RES 1: 1.2516 Intraday high

*PRICE: 1.2420 @ 10:23 BST May 4

*SUP 1: 1.2429 Low Apr 30

*SUP 2: 1.2389 Low Apr 29 and key intraday support

*SUP 3: 1.2298 Low Apr 24

*SUP 4: 1.2248 Low Apr 21 and the bear trigger

The recent GBPUSD focus has been on key resistance at 1.2648, Apr 14 high. A

break of this level would confirm a resumption of the uptrend that has been in

place since Mar 20 and open 1.2726 initially, the Feb 28 low. However, the pair

has started the week on a softer note, pulling away from 1.2648. Further

weakness would expose key support at 1.2248, Apr 21 low. A breach if seen, would

highlight a reversal. Initial firm support is 1.2389.